Gurcharan Das, Author & Commentator & Former CEO, P&G India and Siddhartha Sanyal, Chief Economist, Bandhan Bank, in conversation with ET Now on decoding the growth engines of India. Das says there is a need for an industrial revolution if India has to be a developed nation by 2047. Manufacturing still has failed us. It … Read more
Japan’s economy expanded by a faster-than-expected annualized 3.1% in April-June, data showed on Thursday, rebounding from the previous quarter thanks to a solid pick up in consumption. The data backs up the Bank of Japan’s forecast that a solid economic recovery will help inflation sustainably hit its 2% target, and justify raising interest rates further. … Read more
NEW DELHI: Higher than estimated nominal GDP, helped the Centre close 2023-24 with a fiscal deficit of 5.6% of GDP, compared with govt’s projection of 5.8% in revised estimates (RE), providing further cheer to mandarins in North Block.Latest data released by the Controller General of Accounts pegged the fiscal deficit at Rs 16.5 lakh crore, … Read more
New Delhi: The Reserve Bank of India has estimated that India’s gross domestic product (GDP) would grow at 7 percent in the current financial year 2024-25, adding that the outlook for the economy remains bright. This estimation, appearing as a part of the central bank’s annual report released Thursday, comes at a time when the … Read more
Rajiv Rattan, Founder & Chairman, RattanIndia, says renewables could be a natural extension for the company and the cash coming out of the power business will give them the freedom to pursue anything related to energy. As and when they decide on that, they will announce to the markets. As the coal-based plant provides solid … Read more
New Delhi: Until this year, if policymakers and analysts wanted the final economic growth figures or GDP data for any particular financial year, they had to wait nearly three years after the end of the year in question. Now, the government has reduced this lag to two years — that is, by one-third. While the … Read more
Kamesh Goyal, Chairman, Go Digit, says India’s market penetration, at 1% of the GDP, is really small. In the next 5 to 10 years, if we move from 1 to 1.3, 1.25% of the GDP, the opportunity for growth is just enormous. “As long as India does well, the journey in our business is long … Read more
Mumbai: The total market capitalisation of BSE-listed stocks closed above $5 trillion on Thursday as the benchmark indices ended at record levels led by banks and auto stocks. India’s market capitalisation to Gross Domestic Product (GDP) – a measure to determine if a market is under-valued or over-valued – surged to 1.42 times, or 142%, … Read more
New Delhi : The market capitalisation of companies listed on BSE has touched a milestone of USD 5 trillion, hitting a fresh high on 21 May, exchange data showed on Tuesday. The ongoing rally in the Indian stock markets helped in reaching this feat. Market capitalisation or market cap is the total value of a … Read more
MUMBAI: The current account deficit narrowed to $10.5 billion, or 1.2% of the country’s gross domestic product, in Q3 FY24 from $11.4 billion (1.3% of GDP) in Q2 FY24. The deficit was sharply lower than the $16.8 billion – 2% of GDP – recorded in the year-ago period. Analysts are now forecasting that the CAD … Read more